Mixed-Use Live/Work
For Sale
$749,000
551 W Main St, Clayton, NC 27520
Two-level live/work building with residential space upstairs and a ready-for-commercial first floor, plus five on-site parking spaces.
Property Size4,360 SF
Price / SF$171.79
Days on Market85
Property Features for 551 W Main St
General Information
Standard status
Active
Size
4,360 SF
Total Parking Spaces
5
Property subtype
Mixed Use
Zoning
SUP
Additional Details
Highway Access
Yes
Building Details
Year Built
1950
Stories
2
Listing Agency:
RE/MAX EXECUTIVE
Listed By:
Jamie Purvis · License #283426
(704) 662-0095
Source:
Rubyhenderson
Added: Jul 18
Changed: Oct 3
Last Checked: Oct 7 at 1:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX EXECUTIVE
Investment Insights
Based on property information with market context.
This mixed-use live/work building offers approximately 4,360 square feet across two levels. The upstairs portion includes residential space, while the downstairs level is set up for commercial use. The first floor provides approximately 2,600 square feet, and the second floor provides approximately 1,100 square feet, creating flexibility for owner-occupants or separate use of the two levels. The property has been well maintained, including a new roof installed in 2019, along with two new HVAC systems installed in August 2022 and August 2025.
Zoned SUP (Special Use Permit), the building is located on W. Main St. in Clayton, with strong road visibility and easy access to US 70 and NC 42. The surrounding area includes a mix of retail, dining, and service businesses, with downtown amenities close by. Five on-site parking spaces are available for visitors and tenants.
The versatile layout supports multiple ways to configure the space within the building’s live/work setup and SUP zoning framework.
Zoned SUP (Special Use Permit), the building is located on W. Main St. in Clayton, with strong road visibility and easy access to US 70 and NC 42. The surrounding area includes a mix of retail, dining, and service businesses, with downtown amenities close by. Five on-site parking spaces are available for visitors and tenants.
The versatile layout supports multiple ways to configure the space within the building’s live/work setup and SUP zoning framework.
Key Highlights
- Two‑level mixed‑use building with residential space upstairs and commercial‑ready first floor on W. Main St. in Clayton
- Approx. 4,360 sq. ft. total: approx. 2,600 sq. ft. first floor and approx. 1,100 sq. ft. second floor
- Zoned SUP (Special Use Permit) for mixed‑use/live‑work flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,928
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,560
$1.3M
Cap Rate 7%
$956,114
$956.1K
Cap Rate 9%
$743,644
$743.6K
Market Conditions
NOI Build-Up for 4,360 SF
Gross rent
$107.3K $24.60/SF
− Vacancy
−$18.0K −$4.13/SF
EGI
$89.2K $20.47/SF
− OpEx
−$22.3K −$5.12/SF
NOI
$66.9K $15.35/SF
Area
Johnston County, NC
Vacancy
16.80%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,560
Cap Rate 7%
$956,114
Cap Rate 9%
$743,644
Alternative Uses
Best Use
Office B
$956.1K
$836.6K – $1.12M
NOI $66,928 @ 7.0% cap · market cap 8.94%
Second Best
Mixed Use
$644.7K
$564.1K – $752.1K
NOI $45,126 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,330 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Explore this area
Business Placement
Demographics for 27520, NC
46,478
Population
18,540
Households
2.5
Avg Household Size
37
Median Age
29%
College-Educated
94%
High-School Grad
70.8 sq mi
ZIP Area
656
Density / Sq Mi
$84,545
Median Household Income
$45,147
Median Earnings
$1,430
Median Rent
$282,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Two-level live/work building with residential space upstairs and a ready-for-commercial first floor, plus five on-site parking spaces.
Where is this live-work space located?
The property is located at 551 W Main St Clayton, NC.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two‑level mixed‑use building with residential space upstairs and commercial‑ready first floor on W. Main St. in Clayton; Approx. 4,360 sq. ft. total: approx. 2,600 sq. ft. first floor and approx. 1,100 sq. ft. second floor; Zoned SUP (Special Use Permit) for mixed‑use/live‑work flexibility
